Economy · India
India E-commerce FDI Rules Modified for Exports
India's Finance Ministry has notified new Foreign Exchange Management Act (FEMA) rules allowing e-commerce companies with Foreign Direct Investment (FDI) to maintain inventory solely for the purpose of exporting goods of Indian origin. These updated norms restrict inventory-based business-to-consumer (B2C) sales within the domestic market. The economic affairs department of the Finance Ministry issued the notification for these changes.
How outlets across the spectrum covered it
L 0 C 3 R 1
- Centre (3): Deccan Herald, The Economic Times, The Hindu BusinessLine
- Right (1): Punjab Kesari